the Swiss Bank Julius Baer announced the partnership with the Zug-based crypto-FinTech SEBA. Together, the financial service provider Bank to allow customers access to the crypto market. But the “Go” of financial supervision.
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On the 27. February 2019BTC$3.807,66 0.13%part Facebook Twitter LinkedIn xing mail
An Integration of the young crypto-market in the traditional financial sector can only succeed if courageous actors with a good example. This is what happened in Switzerland.
The Zurich-based Bank Julius Baer is cooperating with the SEBA Crypto AG, crypto-financial services. Thus, customers of the Swiss private Bank can take soon digital assets in your Portfolio. In addition to Investments Julius Baer to provide for the safe custody of crypto-Assets. This is from a press release, the the Zurich tradition Bank on Tuesday, the 26. February, published.
Crypto Valley is growing up> <p technology for the cryptographic service from the Zug-based crypto Start-up SEBA. Since April of 2018, existing FinTech has made it their mission to be one of the first fully licensed crypto banks. They wanted to close "the gap between the traditional financial markets, and the new digital Ecosystem," by SEBA.
The partnership with Julius Baer exists, however, since 2018, According to the notification, the credit institution has, since then, a minority stake in Zug Start-up. As we reported, this could raise a capital round last September, proud to 103 million euros.
FINMA-license pending
But still need to practice the Bank’s customers with a little patience. Because the necessary license for the provision of cryptographic Services on the part of the competent Swiss financial market Supervisory authority FINMA. Once this is present, Julius Baer, customers can “storage, transaction and Investment solutions for digital Assets”.
Read also: Curv: a Secure crypto-custody methods without the Private Key
The crypto market is still young, the future is uncertain. With regard to the Integration into the traditional financial markets, the Swiss Bank shows, however, confident:
Julius Baer are convinced that digital assets are to a legitimate and sustainable investment class in the Portfolio of an investor. The investment in SEBA […] are proof of the commitment of the Julius Baer in the area of digital Assets and our commitment to groundbreaking innovation for the Benefit of our customers,
Peter Gerlach, Market Manager at Julius Baer says.
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